Switzerland Lowers Key Interest Rate to 0% Amid Easing Inflation

Reported 25 days ago

Switzerland's central bank has reduced its target interest rate by a quarter percentage point to 0%, citing easing inflationary pressures. The Swiss National Bank noted that inflation has dipped into negative territory and expects annual inflation to rise slightly in the coming years. The decrease is attributed to falling prices in the tourism and oil sectors, while globally, economic growth is anticipated to weaken.

Source: YAHOO

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